Wednesday, June 29, 2011


I hear LA has some silver shortage going on, but if you go downtown to the big dealers most of them still have some stock. Eastern Canada is very short also so I know it isn't just Western Canada! Calgary is reporting shortages now too. when you go back to your coin shop one day and the line is out the door and half way around the block -then you can worry! it's not so much that Silver isnt available, but the "Variety" of choices especially in the cheaper Generic stuff are definitely dwindling - I think that's probably the first "signs" that the formerly abundant supply may not be so abundant anymore.

even if production costs are only $8.00 to $10.00 - the demand for Silver is growing exponentially, it's an inelastic supply, and they can only get it out of the ground so fast -most silver Mines are actually primarily Zinc Mines and Silver is a secondary byproduct of the Zinc Mining.

as far as the dollar crashing when Silver is $250.00, in 1980 Silver was $50.00 (a 3500% increase!) and the Dollar didnt crash, one Commodity increasing in value doesnt mean a Dollar Crash.
SLV are FUTURE contracts, once the S&P goes down (and it will) so will doesn't represent the true cost of physical silver. Production cost of silver is about $8-10 why the hell would it be worth $250? if it does get to that value, the dollar will be worth shit and not matter anyway..just trying to be realistic here.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

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